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REGISTERED NUMBER: 10094474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

AA & KS HOLDINGS LIMITED

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2023

30.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 195,000 210,000
Tangible assets 5 481,532 355,050
676,532 565,050

CURRENT ASSETS
Investments 6 100 100

CREDITORS
Amounts falling due within one year 7 (104,040 ) (90,684 )
NET CURRENT LIABILITIES (103,940 ) (90,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,592

474,466

CREDITORS
Amounts falling due after more than one
year

8

(659,464

)

(537,077

)
NET LIABILITIES (86,872 ) (62,611 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (86,972 ) (62,711 )
(86,872 ) (62,611 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





K Kanagasabai - Director


AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


1. STATUTORY INFORMATION

AA & KS HOLDINGS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10094474

Registered office: 5 Carlisle Street
Dresden
Stoke-On-Trent
Staffordshire
ST43 4HL

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


2. ACCOUNTING POLICIES - continued

GOODWILL
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful fife of that asset as follows:

Goodwill - 20 years

If there is an indication that there has been a significant change in amortisation rate, useful fife or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance

Depreciation on freehold buildings is not provided as any uncharged depreciation for the year and any accumulated uncharged depreciation, would be immaterial in aggregate as a result of the company's policy to maintain its properties in good condition, which substantially prolongs their useful economic life and the estimated high residual value of the properties.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.


AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

GOING CONCERN
The company is supported by its director with loans of £600,989. Whilst these loans are technically repayable on demand the directors has provided assurance that they will not be repayable within 1 year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 30 March 2023 300,000
AMORTISATION
At 1 April 2022 90,000
Amortisation for period 15,000
At 30 March 2023 105,000
NET BOOK VALUE
At 30 March 2023 195,000
At 31 March 2022 210,000

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2022 332,799 59,000 391,799
Additions 129,820 - 129,820
At 30 March 2023 462,619 59,000 521,619
DEPRECIATION
At 1 April 2022 - 36,749 36,749
Charge for period - 3,338 3,338
At 30 March 2023 - 40,087 40,087
NET BOOK VALUE
At 30 March 2023 462,619 18,913 481,532
At 31 March 2022 332,799 22,251 355,050

6. CURRENT ASSET INVESTMENTS
30.3.23 31.3.22
£    £   
Shares in group undertakings 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,490 10,747
Amounts owed to group undertakings 37,550 24,937
Other creditors 55,000 55,000
104,040 90,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 31.3.22
£    £   
Bank loans 109,467 121,412
Other creditors 549,997 415,665
659,464 537,077

9. RELATED PARTY DISCLOSURES

Transactions with directors are under normal market conditions and or not material.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

AA & KS HOLDINGS LIMITED (REGISTERED NUMBER: 10094474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


10. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.